Crypto News

The air in 2020 has added 50%: When a coin will break above $200?

The largest Aldon ether (ETH) beginning in 2020 has added to the cost of about 50% for the same time bitcoin has risen only 7%.

As of January 1, the rate of ETH was below $130, and April 28, the coin is trading at $195. Over the next few hours allcoin will be able without difficulty to break the psychological mark of 200 if support will continue.

Breakthrough at the $200 level will be an important event in the history of the ether, says the founder of Taiwanese cryptomeria Kronos Research Jack tan.

Historic rally Aldona in the second half of 2017 resulted from large-scale capital raising in ETH through ICO projects, the researchers note. In 2018-2019 the vast majority of these projects have sold their coins, so the ICO can’t be a new driver of growth of the cryptocurrency.

Support for broadcast must provide institutional investors, which in recent years in parallel with bitcoin increasingly tested other digital assets.

Analyst Koine Rupert Douglas optimistic about future prospects BTC and ETH.

He recently said that, despite periodic setbacks, bitcoin and ether still retains a capacity for long-term strengthening. The fundamentals of these cryptocurrencies are enhanced, which is surely a positive signal for the entire industry.


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